Corrective mode | 21 11月 2017

21 11月 2017, USD/JPY

Corrective mode

Wave Analysis:

Yesterday, we saw a slight correction of the impulsive wave (E) to the upperside but this wave is still very bearish on the weekly chart. Today, we expect a possible extension of this correction to the upperside but should not go beyond the upper resistive trend line, where we'll be looking to resell the impulsive wave (E) with an ultimate target at 107.00. If the price can violated the immediate trend line, then we'll wait for a break above 114.00, to confirm a possible rally towards 116.00. This pair should be traded alongside CADJPY, NZDJPY, AUDJPY and CHFJPY. These pairs have a strong positive correlation and will move in the same direction today.

Trade Recommendations:

Wait for the current correction to end the short us dollar around the upper trendline

FreshForex cancels commissions!

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus